A Guide To Getting An MLO License In Texas
If you want to be a mortgage loan originator in Texas, the first step is to get an MLO license in the state. In this post, we will go through the steps to get an MLO license in Texas.
Click here to learn more about how to
get an MLO license in Texas.
Step 1
Ensure that you are at least 18 years old
and a US citizen. Next, visit the Nationwide Mortgage Licensing System (NMLS)
portal and create an account. This ID will be valid throughout your career as
an MLO.
Go through the 23 hours of pre-licensing
coursework consisting of a 20-hour national section and a 3-hour state-specific
section. The first deals with the principles of the mortgage industry in
general and the second covers the rules and regulations valid in Texas
only.
Before selecting a course provider, ensure
that it is on the NMLS-approved list to be counted as education for the
licensing exam. Online courses are available too where you can study at your
convenience without upsetting your daily routines. Simply download the course
materials on any Internet-enabled device and you can study even on the go.
One of the top online NMLS-approved course
providers in Texas is RealEstateU, offering high-quality courses at very
affordable prices.
After completing the coursework, submit
fingerprints electronically on the NMLS portal for verification of past
criminal records.
Visit the portal again to schedule your
Safe And Fair Enforcement (SAFE) licensing exam. You must score at least 75%
grade to pass it.
Find a broker willing to sponsor and
employ you.
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